Netflix isn’t the only company out there wooing studios to gain access to movies and television shows for their instant video streaming service. Hulu, which began as an ad-supported service offering clips and full-length television shows online, recently launched a subscription service back in November 2010 called Hulu Plus. The Plus service gives subscribers full access to current seasons of television shows from networks including ABC, Fox, and NBC in addition to classic shows, documentaries and movies. The cost is $7.99 per month, the same price as the streaming-only option from Netflix, and is available through a PC or a mobile device including the iPhone and iPad, with an app planned for Android 2.2 devices and higher as well.

To that end, Hulu and Miramax announced a multi-year agreement this week which will bring the Miramax film library to Hulu Plus subscribers. Some Miramax film titles of note include Pulp Fiction, Good Will Hunting, Swingers and The English Patient.

Those who use the free Hulu service will still benefit from the deal, though. Hulu plans to rotate 15 Miramax films a month through Hulu.com. While watching a movie, viewers will encounter periodic ad breaks marking the first time that Miramax has offered its movies through an ad-supported streaming service. Viewers who wish to bypass the commercial interruptions can do so by signing up for a Hulu Plus account. Through a Plus account, subscribers will not only be able to watch movies ad-free, but will no longer be limited to a selection of only 15 movies a month.

Ownership of Hulu is shared among major media companies including NBC Universal, News Corporation and The Walt Disney Company. It is that ownership which has helped Hulu create a respectable catalog of content in addition to attracting other media companies to offer content we all want to watch.